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Parliament Enacts Shs48.1 Trillion First Post-lockdown Budget

Parliament has passed the Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda. Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget. On recurrent expenditure, Ministry of Finance, Planning and Economic Development takes Shs2.3 trillion, Ministry…

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Nakawa-Naguru Land Probe: Parliament Cites Fraud In Nakawa-Naguru Land Saga

Parliament has observed that the variation in the acreage of land allocated to different investors at Nakawa-Naguru by Uganda Land Commission (ULC) connotes the existence of intentional fraud. The Adhoc Committee of parliament, which has been investigating the distribution of 82.05 acres of Nakawa-Naguru land in its report to parliament, reveals that whereas lease offers…

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Parliament Approves More UGX 618Bn Supplementary Budget

The Parliament of Uganda has approved a supplementary budget of 617.97 billion Shillings for the 3rd June Martyrs’ day activities, classified expenditure, and Uganda People’s Defence Forces –UPDF operations in Congo. The approval followed a request by Henry Musasizi, the Minister of State for Finance –General Duties. The supplementary budget is for this financial year…

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Pictorial: Museveni, Raila Odinga Hold Talks At State House Entebbe

Ugandan leader President Yoweri Kaguta Tibuhaburwa Museveni has held talks with former Kenyan Prime Minister and 2022 presidential candidate Raila Amolo Odinga at State House Entebbe. On May 19, Odinga paid Museveni a courtesy call. Also the African Union (AU) High Representative for Infrastructure Development in Africa, Odinga was returning from South Sudan for the…

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Parliament Rejects 5-year Income Tax Exemption On Bujagali, Orders Forensic Audit

Members of Parliament have declined to approve tax exemptions for companies, pending a report on its efficacy, allowing a one-year exception to the Bujagali Hydropower Project, which they have also placed under scrutiny for apparent false accounting. Bujagali, which sought to have its exemptions extended to 2027, will now instead face a forensic audit by…

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